17450 Engle Lake DrMiddleburg Heights, OH 44130

Property Details for 17450 Engle Lake Dr

Year built

2017

Lot size

9.24 AC

Property size (Sq ft)

126,504 SF

Property type

Manufacturing properties

APN

371-21-006

APU

37121006

Description

This exceptional 25,000-square-foot industrial warehouse, located at 17450 Engle Lake Dr in Middleburg Heights, Ohio, presents a significant opportunity. Situated on a 10-acre lot, this multi-tenant property boasts excellent visibility and accessibility, fronting directly on I-71. The building features a substantial 20,500 square feet of warehouse space complemented by 4,500 square feet of office area. High ceilings, measuring 28 feet clear, provide ample vertical storage capacity. Loading and unloading are facilitated by five loading docks equipped with levelers, and a single drive-in door ensures efficient material handling. The property includes an ESFR sprinkler system, enhancing fire safety and protection. Ample parking is available with 88 spaces. The electrical service is robust, featuring 1200 AMP, 4800 Volt, 3-phase power. Currently, the entire 25,000 square feet is available for lease. This property is located in Cuyahoga County, Ohio, with a zip code of 44130. The strategic location and comprehensive features make this warehouse ideal for a variety of distribution and warehousing operations.

• CAP approach

  CAP return

  Valuation

  6%

  $57,312,700

  6.5%

  $52,904,100

  7%

  $49,125,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,933,100

  Geo Method

  $18,933,100

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $25,948,300

  Mixed-Use / Specialty

  $24,925,500

  Hospitality / Lodging

  $17,075,800

  Office

  $23,808,400

  Institutional / Educational

  $25,580,000

  Residential Income

  $29,928,600

  Multifamily

  $41,052,300

  Automotive / Energy

  $21,925,700

  Parking / Income-Based Land

  $8,485,440

  Restaurant / Food Service

  $10,978,500

  Healthcare / Senior Housing

  $26,514,700

Location Insight

City

Middleburg Heights

County

Cuyahoga

State

Ohio

Latitude

41.3788

Longitude

-81.8206

CBSA code

17460

CBSA name

CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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